16
See all 16 photos
Listed by Columbia Equity Advisors
$3,575,000
Est. payment /mo
1.55 Acres Lot
New
8205 SE HARNEY ST Portland, OR 97266
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 557283272
Year Built 1970
Annual Tax Amount $6,380
Tax Year 2024
Lot Size 1.550 Acres
Property Description
Presenting a rare opportunity to acquire three value-add mobile home/RV parks in prime Portland metro locations: (1) 8205 SE Harney St, Portland, OR, (2) 8460 SE Clatsop St, Happy Valley, OR, & (3) 4720 NE 110th Ave, Portland, OR. Each park is connected to city water and sewer, with the ability to bill back utilities. Current rents are significantly below market, offering immediate upside through rent adjustments. Properties are valued at 75% occupancy, creating a strong path to boost NOI by filling vacancies.With several low-income housing incentives available, and located in a metro of over 2.5 million residents, these parks offer resilient cash flow and major long-term potential. Don't miss out on this rare portfolio with both stability and growth ahead!Investment Highlights-ABILITY TO BILL BACK UTILITIES-RENTS ARE UNDER MARKET-VALUED AT 75% OCCUPANCY-LOCATION: PORTLAND METRO AREA - POPULATION 2.5 MILLION-STABILIZED VALUE - $5,735,000
Location
State OR
County Multnomah
Area _143
Zoning R7
Interior
Heating Other
Exterior
Waterfront Description Creek
View Creek Stream
Garage No
Building
Lot Description Corner Lot, Level, Stream, Trees
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Whitman
Middle Schools Lane
High Schools Cleveland
Others
Acceptable Financing CallListingAgent, Cash, Contract, Conventional, OwnerWillCarry
Listing Terms CallListingAgent, Cash, Contract, Conventional, OwnerWillCarry
